Check my work Required information Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months: 5 points April May June July 650 730 680 770 Sales (units) eBook The company wants to end each month with ending nished goods inventory equal to % of next months o recast sales. Finished goods inventory on April 1 is 260 units. Assume July's budgeted production is 680 units. In addition, each finished unit requires four pounds (lbs) of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production r ds Beginning raw mate als inventory or Apri, was 546 pounds. Assume direct materials cost $6 per pound Hint Ask Print References Exercise 7-3 Manufacturing: Production budget LO P1 Prepare a production budget for the months of Apri, May, and June. RUIZ CO. Production Budget For April, May, and June May April 1 of 1 Mc Graw Hill 36 PMM pe here to search Exercise 7-3 Manufacturing: Production budget LO P1 Prepare a production budget for the months of April, May and June. Production Budget For April, May, and June June Next month's budgeted sales (units) Ratio of inventory to future sales Budgeted ending inventory (units 730 770 4096 Required units of available production Units to be produced 1 of 1 8 6 5 4